Transcorp Power's nine-month profit surges to over $35 million
Transcorp Power’s strong revenue growth across segments boosts earnings above $35 million.
Hot News
EFG Hermes finalizes $9.2-million bond issuance advisory for EFG Corp-Solutions
The five-year bond issuance marks another milestone in the firm’s aggressive expansion strategy and dominance in the region’s financial markets.
NCBA opens new branch in Kenya to enhance banking services
NCBA Bank unveils a new branch to deepen local engagement and enhance financial inclusion in Kwale County of Kenya.
Dangote Oil Refinery to finalize fuel pricing and lifting agreements with Nigeria’s marketers
The meeting, anticipated between Tuesday and Wednesday, aims to establish pricing and supply terms for petrol from the $20-billion refinery.
Lighthouse acquires mall in Spain for $183.8 million
This acquisition aligns with Lighthouse’s broader goal of expanding its presence in the Iberian Peninsula, where its portfolio now accounts for 76 percent of its directly held properties’ value.
Aradel Holdings lists on NGX, hits $1.9-billion market cap
This listing expands investment opportunities for Nigerians, aligning with Aradel’s mission of enabling broader participation in the oil and gas sector.
Titan Fincap settles $63.1-million loan with Shoprite shares acquisition
The purchase, finalized on Oct. 7, 2024, concludes a scrip loan agreement that allowed Titan Fincap to borrow 3,831,164 shares of Shoprite on Oct. 12, 2023.
Neal Froneman's wealth dips amid Sibanye-Stillwater's stock decline
Froneman, who serves as Sibanye’s CEO, holds a 0.12-percent stake in the Johannesburg-based mining giant, amounting to 3,284,428 shares.
Mauritius-based CIEL records $109.3-million profit in 2024
This was fueled by disciplined cost management across the group’s business clusters, solidifying its standing as one of the largest and most profitable conglomerates in Mauritius.
Dangote Group to commence crude oil production after supply struggles
This figure is expected to increase by the first quarter of 2025, with the company aiming to resolve its ongoing crude supply issues.
Adani Energy signs $741-million power deal with Kenya amid controversy
This partnership is aimed at bolstering Kenya's power infrastructure and underscores Adani's expanding presence in Africa.
Egyptian brothers, Ahmed and Sadek El-Sewedy, emerge as Egypt’s newest billionaires
The rise in the El-Sewedy brothers' fortunes is attributed to an 80.6-percent increase in Elsewedy Electric's share price.
South Africa’s Sibanye ordered to pay damages over failed $1.2-billion Brazil mines deal
The court's decision comes on the heels of Sibanye’s failed acquisition of Brazilian nickel and copper mines, specifically the Santa Rita and Serrote assets.
Sanlam completes Assupol deal, boosts lead as Africa's largest insurer
Sanlam's acquisition of Assupol bolsters its footprint in South Africa and Africa, cementing its position as a dominant insurance player.
Geregu Power’s profit more than doubles to $15 million in 9M 2024
Total assets rose 21 percent to N221.09 billion ($136.4 million), reflecting strong growth and strategic investments under billionaire Femi Otedola's leadership.
Egyptian multimillionaire Ghabbour family’s stake in GB Corp rebounds above $200 million
This follows an $18.27-million loss between July 18 and Aug. 15, when the market value of their holdings declined from $207.2 million to $188.93 million.